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Why Investors Should Buy Ambarella Inc on the Pullback
Ambarella (NASDAQ: AMBA ) is slated to benefit from growth in wearable devices, but the company's stock price performance this year doesn't reflect its potential. Ambarella shares are down 25% in 2014, even though the company reported solid fourth-quarter results in March. Its revenue was up 26.8% year-over-year while non-GAAP net income improved to $8.2 million from $5 million in the year-ago quarter. Looking at the company's growth, I think investors should definitely consider capitalizing on the stock's pullback.
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